The revenues and expenditures of the federal government are recorded in its account at the Fed: U.S. Treasury, General Account.
The Fed’s balance sheet for Wednesday, August 18, shows that its balance is down $76 billion from the previous week and… $1,323 billion year-over-year!
Document 1:
Biden’s crew drains the state’s account!
Document 2:
The amount in this account increased dramatically from April 2020 to an all-time high of $1.805 trillion on July 22, 2020 thanks to the Donald,
Document 3:
Unfortunately, the Biden gang has been draining the government account since they took office!
Fortunately, Americans have plenty of money in their bank accounts and banks with too much cash are forced to deposit over $1 trillion overnight at the Fed under the Overnight Reverse Repo Program (ON RRP),
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This is unprecedented, an all-time high!
Document 5:
The Fed’s balance sheet increased by $85 billion in one week due to these reverse repos,
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Furthermore, the Fed’s August 20 statement shows that the amount of repos (the reverse of these reverse repos) is at zero, which means that no U.S. bank or foreign central bank has requested dollars from the Fed,
Document 7:
Click here to access the U.S. Treasury, General Account series of our friend Fred from Saint Louis.
In the next midterms, American voters will not vote massively for the Democrats who are emptying the state coffers and who have left Afghanistan in the greatest disorder.
The Donald will be able to take his revenge…
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